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cblanar
New Member

I have 4 kids so I should be getting $8k ($2k per kid) but on my child tax credit I am only seeing $7k. Where is the other $1k going?

 
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I have 4 kids so I should be getting $8k ($2k per kid) but on my child tax credit I am only seeing $7k. Where is the other $1k going?

There are limits to the amount of Child Tax Credit that you can receive.  While the full credit is $2,000 per child, the credit itself is limited to tax liability.  So, you have likely reached the limit where you have no tax liability left to reduce.  Once you have reached the limit of tax liability, the refundable portion of the credit is also capped at only $1,400 (or 15% of the earned income over $2,500) per child.  So, it's quite possible to not receive the full credit.  

You also may be receiving less because of the phaseout. The $2,000 per child credit is reduced once your AGI reaches $200,000 (or $400,000 if you’re married filing jointly).  If your income exceeds these thresholds, then the amount of your credit is reduced until it is eliminated completely.

Also, see these helpful FAQ for additional requirements for the CTC -


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I have 4 kids so I should be getting $8k ($2k per kid) but on my child tax credit I am only seeing $7k. Where is the other $1k going?

There are limits to the amount of Child Tax Credit that you can receive.  While the full credit is $2,000 per child, the credit itself is limited to tax liability.  So, you have likely reached the limit where you have no tax liability left to reduce.  Once you have reached the limit of tax liability, the refundable portion of the credit is also capped at only $1,400 (or 15% of the earned income over $2,500) per child.  So, it's quite possible to not receive the full credit.  

You also may be receiving less because of the phaseout. The $2,000 per child credit is reduced once your AGI reaches $200,000 (or $400,000 if you’re married filing jointly).  If your income exceeds these thresholds, then the amount of your credit is reduced until it is eliminated completely.

Also, see these helpful FAQ for additional requirements for the CTC -


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